Also known as a privately produced public good. Privately produced because it is by indivdual firms, public good because everyone partakes (negatively) of it. So why are we delegating responsibility to those not responsible? From NYT,
If it becomes law, it would make one of the most significant changes to the Clean Air Act in 15 years, allowing communities whose air pollution comes from hundreds of miles away to delay meeting national air quality standards until their offending neighbors clean up their own air.
This is nothing more than a sick game of chicken. National air quality standards will never be met (pollution ususally travels to the poles) and people will suffer from it.
3 comments:
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